Wolf Haldenstein Adler Freeman and Herz LLP Initiates Class Action Lawsuit on Behalf of Participants and Beneficiaries of the Ma

Wolf Haldenstein Adler Freeman and Herz LLP Initiates Class
Action Lawsuit on Behalf of Participants and Beneficiaries of the Marsh &
McLennan Putnam Investments Profit Sharing Retirement Plan 


NEW YORK, Nov. 5  /PRNewswire/ -- On November 4, 2004, Wolf Haldenstein Adler
Freeman & Herz LLP filed a class action lawsuit in the United States District
Court for the Southern District of New York, on behalf of all participants and
beneficiaries of the Marsh & McLennan Putnam Investments Profit Sharing
Retirement Plan and the Marsh & McLennan Companies Stock Investment Plan (the
"Plans") of Marsh & McLennan Companies, Inc. ("MMC" or the "Company") [NYSE:
MMC], between November 1, 1998 and the present, inclusive (the "Class Period"),
against defendant Marsh & McLennan Companies, Inc. and certain officers and
directors of the Company.

A copy of the Complaint is available from the Court, or can be viewed on the
Wolf Haldenstein Adler Freeman & Herz LLP website at http://www.whafh.com/.

The Complaint alleges that during the Class Period, Plan fiduciaries knew or
should have known, that the Company was paying illegal and concealed
"contingent commissions" pursuant to illegal "contingent commission
agreements;" that violated applicable principles of fiduciary law, subjecting
the Company to enormous fines and penalties totaling potentially tens -- if not
hundreds -- of millions of dollars.

Plan fiduciaries knew, or should have known, that this business practice was
improper and unsustainable and that the value of the Company's stock, and thus
the value of the Plan, was based on financial results dependent on these
unsustainable business practices.

By no later than November 1, 1998, Marsh & McLennan Companies, Inc. and the
Individual Defendants knew, or should have known, that Marsh & McLennan
Companies, Inc.'s stock was a highly inappropriate investment for a long-term
retirement savings plan such as the Plan because of the financial issues
described above and other questionable business practices.  Despite this,
Defendants continued to offer Marsh & McLennan Companies, Inc.'s stock as a
Plan investment alternative, continued to cause Marsh & McLennan Companies,
Inc. matching contributions to be invested in Marsh & McLennan Companies, Inc.
stock, and failed to impute their full knowledge of the Company's operations on
Plan participants so that the Plan participants could make an informed decision
concerning their Plan investments in Company stock.

If you were a participant or a beneficiary of the Plan, you may retain Wolf
Haldenstein, or other counsel of your choice, to serve as your counsel in this
action.

Wolf Haldenstein has extensive experience in the prosecution of securities
class actions and derivative litigation in state and federal trial and
appellate courts across the country.  The firm has approximately 60 attorneys
in various practice areas; and offices in Chicago, New York City, San Diego,
and West Palm Beach.  The reputation and expertise of this firm in financially
oriented class litigation has been repeatedly recognized by the courts, which
have appointed it to major positions in complex securities multi-district and
consolidated litigation.

If you wish to discuss this action or have any questions, please contact Wolf
Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York
10016, by telephone at [phone] or [phone] (Fred Taylor Isquith,
Esq., Mark C. Rifkin, Esq. or Gustavo Bruckner, Esq.), via e-mail at  or visit
our website at http://www.whafh.com/.  All e-mail correspondence should make
reference to Marsh & McLennan Companies, Inc.  ERISA. 

DATASOURCE: Wolf Haldenstein Adler Freeman & Herz LLP



CONTACT:  Fred Taylor Isquith, Esq., Mark C. Rifkin, Esq. or Gustavo

Bruckner, Esq., all of Wolf Haldenstein Adler Freeman & Herz LLP,

1-800-575-0735, or [phone],  



Web site:  http://www.whafh.com/ 

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